| Schedule of Financial Information for each of the Company's Business Segments |
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| Table 3: Results of Operation by Business Segment |
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For the Three Months Ended |
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For the Nine Months Ended |
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June 30, 2022 |
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June 30, 2021 |
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June 30, 2022 |
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June 30, 2021 |
|
Amount |
|
% (1) |
|
Amount |
|
% (1) |
|
Amount |
|
% (1) |
|
Amount |
|
% (1) |
|
(dollars in thousands) |
| Revenue: |
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| U.S. Services |
$ |
399,320 |
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$ |
436,338 |
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$ |
1,183,814 |
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$ |
1,269,487 |
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| U.S. Federal Services |
525,519 |
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617,601 |
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1,680,678 |
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1,352,982 |
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| Outside the U.S. |
200,946 |
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189,581 |
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589,495 |
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525,885 |
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| Revenue |
$ |
1,125,785 |
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$ |
1,243,520 |
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$ |
3,453,987 |
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$ |
3,148,354 |
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| Gross profit: |
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| U.S. Services |
$ |
74,135 |
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|
18.6 % |
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$ |
104,814 |
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|
24.0 % |
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$ |
248,805 |
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21.0 % |
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$ |
323,256 |
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25.5 % |
| U.S. Federal Services |
124,203 |
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23.6 % |
|
155,776 |
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25.2 % |
|
365,932 |
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21.8 % |
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312,405 |
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23.1 % |
| Outside the U.S. |
11,883 |
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5.9 % |
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31,266 |
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16.5 % |
|
52,090 |
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8.8 % |
|
92,908 |
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|
17.7 % |
| Gross profit |
$ |
210,221 |
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|
18.7 % |
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$ |
291,856 |
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23.5 % |
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$ |
666,827 |
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19.3 % |
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$ |
728,569 |
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|
23.1 % |
| Selling, general, and administrative expenses: |
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| U.S. Services |
$ |
42,351 |
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10.6 % |
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$ |
42,606 |
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9.8 % |
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$ |
115,726 |
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9.8 % |
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$ |
116,655 |
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9.2 % |
| U.S. Federal Services |
69,466 |
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13.2 % |
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69,647 |
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11.3 % |
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203,340 |
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12.1 % |
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172,877 |
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12.8 % |
| Outside the U.S. |
23,101 |
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11.5 % |
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22,973 |
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12.1 % |
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68,452 |
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11.6 % |
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65,018 |
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12.4 % |
| Other (2) |
(1,944) |
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|
NM |
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4,903 |
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|
NM |
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(16) |
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|
NM |
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9,948 |
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|
NM |
| Selling, general, and administrative expenses |
$ |
132,974 |
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|
11.8 % |
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$ |
140,129 |
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11.3 % |
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$ |
387,502 |
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11.2 % |
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$ |
364,498 |
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11.6 % |
| Operating income/(loss): |
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| U.S. Services |
$ |
31,784 |
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8.0 % |
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$ |
62,208 |
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|
14.3 % |
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$ |
133,079 |
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11.2 % |
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$ |
206,601 |
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16.3 % |
| U.S. Federal Services |
54,737 |
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10.4 % |
|
86,129 |
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13.9 % |
|
162,592 |
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9.7 % |
|
139,528 |
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10.3 % |
| Outside the U.S. |
(11,218) |
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(5.6) % |
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8,293 |
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4.4 % |
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(16,362) |
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(2.8) % |
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27,890 |
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5.3 % |
| Amortization of intangible assets |
(22,690) |
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|
NM |
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(12,132) |
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NM |
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(67,951) |
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|
NM |
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(23,718) |
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|
NM |
| Other (2) |
1,944 |
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|
NM |
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(4,903) |
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|
NM |
|
16 |
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|
NM |
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(9,948) |
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|
NM |
| Operating income |
$ |
54,557 |
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|
4.8 % |
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$ |
139,595 |
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|
11.2 % |
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$ |
211,374 |
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|
6.1 % |
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$ |
340,353 |
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|
10.8 % |
(1)Percentage of respective segment revenue. Percentages not considered meaningful are marked "NM."
(2)Other selling, general, and administrative expenses includes costs that are not allocated to a particular segment. This includes legal expenses and settlements and expenses incurred as part of our acquisitions, as well as potential acquisitions which have not been or may not be completed. Our results for the three and nine months ended June 30, 2022 included a $2.3 million credit related to changes in acquisition related contingent consideration. See "Note 6. Business Combinations" for more information.
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